EXTERNAL PRESSURES WON'T CHANGE CHINA

The oil and gas industry has much at stake in how the world responds to government misbehavior in China. As the Asia-Pacific Report beginning on p. 36 notes, the sole surviving Communist behemoth has become a regional leader in economic growth and oil industry activity. China's economy has expanded at the rate of 8%/year recently--12% last year alone. Growth in the booming southeastern provinces may reach 20%/year. This puts China in league with other go-go Asia-Pacific economies, but

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